Super 6 investment ideas : KRChoksey for an upside up to 25%

Super 6 investment ideas

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Super 6 investment ideas : Broking house KRChoksey bets on these six stocks for an upside up to 25 percent in April 2024.

The Indian equity market ended with little change a highly volatile session on April 3. At close, the Sensex was down 27.09 points, or 0.04 percent, at 73,876.82, and the Nifty was down 18.6 points, or 0.08 percent, at 22,434.70. Broader indices outperformed with the BSE midcap index (up 0.6 percent) hitting fresh record high and smallcap index gaining 1 percent.

Granules India | Rating: Buy | Target Price: Rs 480 | Upside: 7.7 percent. In Q4FY24 and Q1FY25, the company plans to launch 3 to 4 products each besides expected growth in the base business and for FY25, the company plans to launch 4 to 8 products in the US. The company intends to continue to evolve into an FDF player with some share of API like a traditional integrated pharma player from India on the back of new product approvals and launches across regions including the US. KRChoksey expects the Company to see a Revenue/ EBITDA/ PAT CAGR of 8.9%/12.7%/12.9%, respectively over FY23-FY26E.

ICICI Bank | Rating: Buy | Target Price: Rs 1,250 | Upside: 15.6 percent. Broking house believe from here the rate of contraction will moderate and normalize in the next two quarters and expect the overall earnings growth to be sustainable, led by robust growth in operating income with an improving business trajectory and tight control over the credit cost, following a conservative approach in terms of provisions.

ndusInd Bank | Rating: Buy | Target Price: Rs 1,950 | Upside: 25.1 percent. The bank plans to keep expanding the product suite on INDIE (a digital initiative), and the migration of existing clients desirous of moving to INDIE as a platform will also start soon IIB believes that in the next three years, a big part of its business will come from digital channels adopted by individual individuals as well as small and medium sized companies.

According to financial news aggregators, broking house KRChoksey has recommended a “Super 6” list of investment ideas for April 2024, claiming potential upsides of up to 25% [source: financial news websites like Zerodha Pulse].

While the exact details of the recommendations might require a KRChoksey report or subscription, here’s what we can glean from this news:

  • KRChoksey is Bullish on These Stocks: The brokerage firm believes these 6 particular stocks have the potential to grow significantly in April.
  • Upside Potential of 25%: This is a bold claim, and past performance is not necessarily indicative of future results.

Here’s what to do next to find out more:

  • Search for KRChoksey Reports: Look for KRChoksey’s research reports or analysis specifically mentioning this “Super 6” list. Their website or financial news platforms might have these reports (potentially behind a paywall).
  • Research the Individual Stocks: Look up each of the 6 stocks mentioned in the news and research them further. Check financial news websites or business channels for recent developments related to these companies. This will help you understand why KRChoksey might be bullish on them.

Important Disclaimer:

  • Do Your Own Research: Remember, analyst recommendations are just one factor to consider when making investment decisions. It’s crucial to do your own research on the companies before investing.
  • Past Performance: Keep in mind that past performance doesn’t guarantee future results. A 25% upside is a significant gain, and there’s always a chance the stocks might not perform as expected.
  • Investment Risks: Investing in the stock market always carries inherent risks.

By combining KRChoksey’s recommendations with your own research, you can make more informed investment decisions.

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